USD/INR – The Indian rupee opened lower against the dollar ahead of crucial trade talks between the U.S. and China. The rupee opened at 69.88 versus the dollar compared with its previous close of 69.71. Asian equities and currencies extended losses on Thursday before the U.S.-China trade talks. Chinese Vice-Premier Liu He will hold negotiations with U.S. officials on Thursday and Friday in Washington after tensions between the two countries ratcheted higher following President Donald Trump remarks that he plans to increase tariffs on Chinese shipments. The U.S. has accused China of backtracking on previous promises and Trump has said that he is considering taxing all imports out of the Asian nation. Trump said on Twitter yesterday that Beijing had informed Washington that the Chinese Vice-Premier is “coming to the U.S. to make a deal.” He added that if a deal did not materialize, he is “very happy with over $100 Billion a year in tariffs filling U.S. coffers.”
EUR/USD – Against the dollar, the euro was a shade higher at $1.1196, having spent the week stuck in a tight $1.1218-$1.1155 range. EUR/USD remains holed up in the 1.1200 region, shrugging off growing risks that might normally put bears in control. The EU Commission's downgraded outlook , heightened U.S.-Sino trade tensions and 10-year German bund yields trading near -0.05 percent are all factors that should have EUR/USD trading near the 2019 low at a minimum. Bears might be treading cautiously as economic green shoots from the euro zone keep popping up, which could keep the ECB from adding stimulus to the economy as many investors have expected. The U.S. interest rate complex could be limiting the downside as well. If bears don't gain control of EUR/USD soon, odds of an upside move will increase.
10 Dec 2019 05:04 PM
Indian Rupee has moved in a range of 68.28 seen on July 11 to 72.41 seen on Sep 3 over the last year. But a shorter period of 5 months would show a tighter range within which Rupee has moved – low of 72.41 seen on Sep 3 to 70.35 on Sep 30. Almost 2 r
05 Dec 2019 02:54 PM
• RBI maintains repo rate unchanged at 5.15% • Real GDP growth for 2019-20 is revised down from 6.1% in October to 5% now.
04 Dec 2019 06:08 PM
After trading sideways for an extended period (almost 6 weeks), Cable (GBPUSD) has broken above its trading range today
02 Dec 2019 06:51 PM
Brent oil on Black Friday fell almost $3 from a high of 63.18 to day’s low of 60.38. This sudden movement is owed to expectations that OPEC is staying away from taking any action in boosting oil prices and not willing to deepen output cuts. Organizat
29 Nov 2019 06:14 PM
Analysing a daily frequency candlestick chart, in which price action seems consolidating in a narrow range
29 Nov 2019 10:04 AM
If ‘in union there is strength’ then Euro, the single currency should have conquered higher mountains. But along with the strength of each European country comes their weakness. Overall the global economies are showing signs of slowdown but some like